Trend Trigger Factor (TTF) with T3 Smoothing

Category: momentum, trend

The Trend Trigger Factor (TTF) measures the intensity of price trends by comparing Recent price ranges against Older price ranges, smoothed with a T3 Moving Average.

Formula

HH_{recent} = \max(High, n), \quad LL_{recent} = \min(Low, n) \\ HH_{older} = \max(High_{n}, n), \quad LL_{older} = \min(Low_{n}, n) \\ BuyPower = HH_{recent} - LL_{older} \\ SellPower = HH_{older} - LL_{recent} \\ TTF_{raw} = \frac{BuyPower - SellPower}{0.5 \times (BuyPower + SellPower)} \times 100 \\ TTF = T3\_Smooth(TTF_{raw}, \text{t3\_period}, b)

Inputs

• TTFbars (default: 8)
• TopLine (default: 75)
• BottomLine (default: -75)
• t3_period (default: 3)
• b (default: 0.7)

See signal primitives and every published strategy that uses Trend Trigger Factor (TTF) with T3 Smoothing on WOBR StrategyVerse.